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RSS By: Mike Walsten, Pro Farmer

Mike Walsten has covered major business trends in agriculture for more than 40 years.

Iowa Land Values Up Nearly 7% In Six Months

Sep 16, 2008

Mike Walsten

The value of an acre Iowa cropland rose 6.6% for the six month period ending September 1. That's according to the most recent survey conducted by the Iowa Chapter of the REALTORS Land Institute (RLI). Combining this increase with the 11% gain reported in March 2008 indicates that on average the value of Iowa cropland has risen by 17.6% statewide for the year ending September 1.

All nine Iowa crop reporting districts showed an increase. The districts varied from a 2.7% gain in the East Central Iowa Crop District to an 8.7% jump in the Southwest district. That's for the six-month period ending September 1. The RLI indicated the factors contributing to the increase in farmland values include: continued overall strength in corn and soybean prices, demand created by past expansion of ethanol plants, limited amount of land offered for sale, good crop yields and positive attitudes about agriculture. Other factors include favorable long-term interest rates and stronger cash rents. Concerns that could affect farmland values in the future, cited by RLI, include potential for more land coming on the market, increased fuel and fertilizer costs, and decreasing returns in the livestock industry.

I carry the details of this report in my LandOwner Newsletter. If you'd like to see a sample copy of the newsletter, just send me an email or call 800-772-0023. I'd be happy to email a copy to you. Better yet, subscribe and save $20 off the annual subscription price of $119. Just call 800-772-0023 and mention you saw the offer in this column.


 

 

 

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COMMENTS (1 Comments)

Faust100F
mark, this report is free on the Central States Farm multiple. You must be the last man on the deal team, I posted this first on Agweb.
12:46 AM Sep 17th
 

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